Does experience matter? The effect of founding team experience on the survival and sales of newly founded ventures
研究瑞典223家新创企业发现,创始团队的行业与创业经验能提升企业生存率和销售额,但效果是非线性的,且随企业年龄变化。
While earlier researchers have argued that the founding team’s industry and start-up experience should positively affect new venture performance, robust empirical support for these arguments has been lacking. Moreover, theory suggests that the relationship between founding team experience and new venture performance may be more complex than previous empirical research suggests. We test specific hypotheses about the effect of founding team industry and start-up experience on the survival and sales of 223 new ventures initiated by a representative sample of Swedish new ventures, using a methodology that overcomes the limitations to previous research. Our results show that founding team experience enhances both new venture survival and sales, but that the effects are non-lin ear, and vary with venture age.